Life Time Group (NYSE:LTH) Issues Q4 2024 Earnings Guidance

Life Time Group (NYSE:LTH) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 0.240-0.250 for the period, compared to the consensus earnings per share estimate of 0.160. The company issued revenue guidance of $661.0 million-$663.0 million, compared to the consensus revenue estimate of $643.7 million. Life Time Group also updated its FY 2024 guidance to 0.910-0.920 EPS.

Life Time Group Trading Up 11.2 %

Shares of NYSE LTH opened at $27.88 on Thursday. The company has a 50-day moving average of $23.51 and a two-hundred day moving average of $23.17. Life Time Group has a 1-year low of $11.89 and a 1-year high of $27.88. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The company has a market cap of $5.77 billion, a PE ratio of 40.41, a P/E/G ratio of 1.02 and a beta of 1.89.

Life Time Group (NYSE:LTH) last released its earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $693.20 million during the quarter, compared to analyst estimates of $684.13 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the business posted $0.09 earnings per share. As a group, equities analysts expect that Life Time Group will post 0.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Evercore ISI started coverage on Life Time Group in a report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price objective on the stock. Northland Securities lifted their price target on shares of Life Time Group from $28.50 to $29.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Morgan Stanley upped their price target on shares of Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Finally, Wells Fargo & Company raised their price objective on shares of Life Time Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Life Time Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.89.

Insider Transactions at Life Time Group

In other news, EVP Parham Javaheri sold 168,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $24.57, for a total value of $4,127,760.00. Following the completion of the sale, the executive vice president now owns 243,938 shares of the company’s stock, valued at approximately $5,993,556.66. This represents a 40.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 12.50% of the company’s stock.

About Life Time Group

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.